2300-2499 Series: Long-term Liabilities

Revenue cash receipts not yet earned and to be recognized in accounting periods after the next year.

2325 - Comp Ab - Vacation - Non Cur

The non current portion of vacation payout owed, but not paid.

2326 - Comp Ab - Sick NonCurrent

The non current portion of sick leave payout owed, but not paid.

2327 - Early Retirement Pay Long Term

The long-term portion, which is for periods after one year from the report date, of early retirement benefits owed.

2329 - Pension Liability

Net pension liability based on GASB 68-Accounting and Financial Reporting for Pensions.

2330 - Net OPEB Oblig LT P&S Fac

The long-term portion, which is for periods after one year from the report date, of other postemployment benefit obligations.

2331 - Net OPEB Oblig LT Merit

The long term portion, which is for periods after one year from the report date, of merit post employment obligations.

2350 - Bonds Payable

Non current portion of outstanding bond oligations owed by the University.

2355 - Unamortized Bond Prem/Discount

Premium/Discount associated with sale of bonds payable . This premium/discount is amortized over the life of the bonds.

2356 - Debt Refunding Gain

To record the debt refunding gain calculated based on the formula prescribed by GASB. This amount is reported as a deferred inflow on the Statement of Revenues, Expenses, and Changes in Net Position.

2357 - Pension Deferred Inflows

Pension deferred inflows derived from (1) difference between expected and actual experience, (2) difference between projected and actual investment and (3) entity contributions from fiscal year of measurement.

2360 - Notes Payable

Obligations for which the University has received goods or services, but has signed a written statement of obligation in lieu of paying cash.

2361 - Notes Payable Immic

Note Payable to the University of Iowa from Iowa Medical Mutual Insurance Company.

2370 - Capital Lease Payable

Contract obligation for which the University has received the rights to use the property of an owner, but has signed a written statement of obligation in lieu of paying cash.

2380 - Federal Loan Contributions

Federal contribution to loan programs. Refundable to government upon termination of loan programs

2399 - Other Long Term Liabilities

Other long-term liabilities not defined to another liability IACT in the range of 2300-2398.